Nov 9, 2009

Y Combinator: Innovative early stage seed funding for startups.



Image representing Y Combinator as depicted in...Image via CrunchBase
Y Combinator out of SF bay area provides seed funding for Startups. The unique thing about YC is their approach to funding. YC identifies aspiring startups at the early stage and provides seed funding and ecosystem to prepare the startups for the next stage.

More about YC from YC..
At Y Combinator, our goal is to get you through the first phase. This usually means: get you to the point where you've built something impressive enough to raise money on a larger scale.

We make small investments (rarely more than $20,000) in return for small stakes in the companies we fund (usually 2-10%).

We're hackers ourselves, and we've spent a lot of time figuring out how to make things people want.

help founders deal with investors and acquirers.

We introduce founders to lawyers who will often, because of the YC connection, agree to defer payment for legal work.

We advise about what to patent, and when.

One of the least publicized things we do, for obvious reasons, is mediate disputes between founders. No startup thinks they're going to need that, but most do at some point.

Instead of submitting a business plan or making a slide presentation, you just fill out an application form.
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